Wage Growth Implications of Fixed-Term Employment: An Analysis by Contract Duration and Job Mobility |
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Institution: | 1. WU Vienna University of Economics and Business, Welthandelsplatz 1, 1020 Vienna, Austria;2. Tongji University, Sino-German School of Postgraduate Studies, 505 Chifeng Str. 50, Shanghai, China;3. University Seeburg Castle, Seeburgstraße 8, 5201 Seekirchen am Wallersee, Austria;4. University of Hamburg, Von-Melle-Park 9, 20146 Hamburg, Germany |
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Abstract: | Focusing on Spain, where fixed-term workers account for a third of the wage and salary workforce, we examine the wage growth implications of fixed-term employment of varying duration while distinguishing between wage growth occurring on-the-job versus via job mobility. Wage growth among employees with indefinite work contracts largely occurs via job mobility, whereas fixed-term workers gain via job mobility as well as on-the-job. Consequently, job stayers with fixed-term contracts a year ago narrow their wage gap with respect to similar counterparts with indefinite-term contracts. Yet, this effect is solely driven by the 10.5 percentage points higher wage growth experienced by fixed-term workers with 6-months contracts able to keep their jobs beyond their initial contract period. Given the limited number of short-term temporary workers in those circumstances, the overall wage gap between past fixed-term and indefinite-term workers is unlikely to vanish in the near future. |
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